Re: REALLY OT - I need info fast about real estate & mortgages

March 30, 2010

This happen to us back in 93, yes a long time ago. For some reason the

appraisal process got screwed up, not sure why. But our builder let us move in.

Was new, we didn't built. He didn't have too but did out of kindness. Not sure

what we would have done. 90 mile move!!!

Did you custom build the house, make the payments? The house is yours? If you

build, you can close, conventional loan, like 6 months later. We did that

waiting for the rates to drop, did, just 2 1/2 years ago. If you built it, move

in???

Tammy

PS Have no idea how VA work!

[ ] REALLY OT - I need info fast about real estate &

mortgages

Does anyone have any info about VA home appraisals? How long should an

appraisal take after it is requested by the bank?

I spent MONTHS prepping my kid to move, we built a new house so it was a

gradual process of aclimating him to the move, and I had more control of his

environment. He was happy and ready and doing well with the transition. I have

all his therapies changed and scheduled to start in the new town. It's a holiday

weekend this weekend.

We got a call at 4:45 pm today, less than 24 hours before our settlement

tomorrow saying that they don't have a VA appraisal for underwriting and

canceling the closing until they get it. When? No one seems to know. According

to everyone I'm speaking to, no one can even FIND the damn appraiser. 2 weeks

ago, we got the official letter from the bank with the settlement time/date,

telling us to be sure to have insurance in place and all that happy crap. We do.

EVERY and all OUR t's are crossed and i's are dotted. We don't know what is

going on - but our current house is sold. We need to be out of here in less than

a week. I had to cancel our movers, cancel the U-haul for cleaning out the

storage unit, extend my rental on the storage unit, I'll have no utilities here

come Thursday - so have to hope I can stop all that being shut off. We cyber

school at home - it's all packed up and we have nowhere to do school next week

after Easter.

I'll be calling my attorney in the morning and personally going to the bank.

Does anyone know ANYTHING about mortgage processing of VA loans/appraisals? We

never had this trouble before. Please email me offlist if you have any

info/advice.

Thanks so much.

March 30, 2010

The appraisal is supposed to take no longer than 10 business days from the date

it was ordered. Have used VA twice in the past and the appraisals were done

within a week.

Karla

>

> Does anyone have any info about VA home appraisals? How long should an

appraisal take after it is requested by the bank?

>

> I spent MONTHS prepping my kid to move, we built a new house so it was a

gradual process of aclimating him to the move, and I had more control of his

environment. He was happy and ready and doing well with the transition. I have

all his therapies changed and scheduled to start in the new town. It's a holiday

weekend this weekend.

>

> We got a call at 4:45 pm today, less than 24 hours before our settlement